Water On Demand

What Water On Demand does

Water On Demand, Inc. is a private fintech company, headquartered in Clearwater, Florida, that converts decentralized water treatment into an investable asset class by organizing private capital and providing management services for water infrastructure projects. Founded in 2020 as a spinoff of public company OriginClear, Inc., the company underwent a strategic pivot in May 2025 away from equipment manufacturing (sunsetting its Modular Water Systems unit) toward a pure-play capital-formation and asset-management model, with Ken Berenger appointed CEO. It operates three revenue-generating vehicles: a wholly-owned subsidiary, Progressive Water Treatment (PWT), a 25-year-old Sherman, Texas-based manufacturer of custom filtration systems for power plants; a 50% interest in Gridwater, Inc., a mobile treat-in-place wastewater treatment platform; and a 50/50 joint venture (ZIGCO LLC) with Enviromaintenance to deploy up to 60 mobile wastewater treatment units nationwide.

The company's core technology is decentralized, treat-in-place water and wastewater treatment delivered through truck-mounted mobile units (ZIGCO/Gridwater) and modular skid systems (EveraSKID/EveraTREAT) that filter water on-site and return it to the customer's system, concentrating only residual sludge for disposal. The investment product suite includes a $200M Opportunity Zone Fund listed on OZXchange, Regulation D and Regulation A+ offerings via the company's own offer.waterondemand.com platform and the Fassport private markets platform, with Water-as-a-Service (WaaS) revenue structured around twenty-year, on-meter service contracts generating recurring income. Distribution is built on direct CEO-led accredited-investor engagement, strategic channel partnerships with OZXchange, Eazy OZ, Fassport, and the production of a reality TV series ('The Raise') on FAST channels.

Revenue is generated through four primary streams: capital formation and management fees from water infrastructure investments (recurring as the deployed fleet grows); WaaS usage-based revenue from 20-year service contracts; equipment and service sales from PWT (hardware sales to power utilities, including approximately $5M in prior purchase orders and a $9M new master purchase order with a major US energy utility); and managed-service fees from the ZIGCO mobile treatment operations. Q3 2025 year-to-date revenues were $5.3M, representing 63% year-over-year growth, with full-year 2025 projected to exceed $7M versus $3.3M in 2024. The customer base spans industrial and commercial water users, grease trap and FOG service providers, family offices and institutional investors, and Opportunity Zone-eligible capital gains investors, served via a hybrid sales-led and channel-partner GTM motion.

Name

Water On Demand

Legal name

Water On Demand, Inc.

Website

https://waterondemand.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Water On Demand is a fintech company that converts decentralized water treatment into an investable asset class, operating through Progressive Water Treatment (industrial filtration), Gridwater (mobile treat-in-place), and ZIGCO LLC (mobile fleet JV) to serve industrial water users, utilities, and accredited investors.

Ownership category

akta.pro rank

Product category

Water Infrastructure Investment & Treatment Services

NAICS

Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (22131)

SIC

Water Supply (4941), Pumps & Pumping Equipment (3561)

akta.pro primary industry

Onsite/Decentralized Reuse Utilities (District/Building‑Scale Reuse as a Service) (EUANAGAH)

Keywords

• Water infrastructure investment
• Opportunity zone fund
• Decentralized water treatment
• Water-as-a-service
• Mobile wastewater treatment

Headquarters

HQ city

Clearwater

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Capital Formation & Management Fees: Water On Demand serves as finance and management company providing capital formation services at the front of every deployment, structured similar to property managers in real estate. Generates fees from organizing and structuring water infrastructure investments, with recurring management fees as the fleet of deployed systems grows. The company holds a 50% common interest in Gridwater Inc.
2. Water-as-a-Service (WaaS) Revenue: Water-using clients pay 'on the meter' typically with twenty-year, renewable service contracts. Each project represents a real, operating water treatment asset providing recurring income and potential for long-term capital appreciation. Revenue model generates recurring income from deployed water treatment systems.
3. Progressive Water Treatment (PWT) Equipment & Services: Wholly-owned subsidiary provides design, engineering and fabrication of standard and custom-built filtration solutions. Generates revenue from equipment sales, consumable components, and site services to power plants and industrial customers. Prior purchase orders to energy utility approximately $5M with new master purchase order adding approximately $9M.
4. Mobile Treatment Operations (ZIGCO LLC): Joint venture with Enviromaintenance operates 60 mobile wastewater treatment units nationally. Revenue from service fees to commercial and industrial customers needing grease trap, FOG, and wastewater treatment. Target margins exceeding 70% with operations launching from Austin, Texas hub.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Water On Demand is a fintech company that structures and manages tax-advantaged investment vehicles for decentralized water infrastructure. It delivers Water-as-a-Service through long-term meter-based service contracts while operating mobile and modular water treatment systems via its Progressive Water Treatment subsidiary, Gridwater, and ZIGCO LLC joint venture. The Opportunity Zone Fund and direct equipment offerings turn water treatment into a recurring, investable asset class.

Product overview

Water On Demand is a fintech company that turns decentralized water treatment into an investable asset class. The core Water On Demand platform organizes capital and provides management services, while the portfolio includes: Gridwater (50%-owned subsidiary providing mobile treat-in-place wastewater treatment systems), ZIGCO LLC (joint venture with Enviromaintenance operating mobile treatment fleet), and Progressive Water Treatment (wholly owned subsidiary providing custom filtration solutions for power plants and industrial users). The company offers the Water On Demand Opportunity Zone Fund ($200M) for tax-advantaged investment, deploying capital into water-as-a-service projects with 20-year service contracts.

Differentiator

Problem solved

Functional benefit

Brands

• Gridwater: Mobile water treatment subsidiary offering treat-in-place systems for industrial and commercial water users. Operates as a 50% common interest entity within the $20 billion water treatment services market. Provides tax-advantaged investment paths into mobile water infrastructure.

Products and services

• Water-as-a-Service (WaaS) Subscription-based long-term access to water and wastewater treatment without owning treatment assets. Clients pay on the meter via twenty-year renewable service contracts, generating recurring income from deployed water treatment systems.
• Water On Demand Opportunity Zone Fund #1 First Opportunity Zone Fund dedicated to water infrastructure. Offers accredited investors tax-advantaged exposure to decentralized water treatment projects with recurring income and long-term capital appreciation potential.
• Progressive Water Treatment (PWT) custom filtration solutions Design, engineering, and fabrication of standard and custom-built filtration solutions for power plants and industrial customers. Generates revenue from equipment sales, consumable components, and site services with 25 years of operating history.
• Gridwater mobile treat-in-place systems Mobile water treatment systems offering truck-mounted treat-in-place wastewater treatment for industrial and commercial water users. Water On Demand holds 50% common interest. Operates within the $20 billion water treatment services market.
• ZIGCO LLC mobile wastewater treatment fleet Operates a national fleet of up to 60 advanced mobile wastewater treatment units for grease traps, FOG, and other wastewater streams, leveraging Enviromaintenance's existing customer base and operations.

Quantifiable outcome

• $1 million invested can generate 175,000,000 gallons of clean water
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Gridwater Inc.coreStrategic or Co-development Partner · 9 June 2026Mobile water treatment company in which Water On Demand holds 50% common interest. Master Services Agreement effective June 1, 2026 establishes Water On Demand as capital formation provider at front of every deployment and operations/maintenance orchestrator in middle. Gridwater operates as subsidiary within $20 billion water treatment services market, offering accredited investors tax-advantaged investment paths.
• ZIGCO LLCcoreStrategic or Co-development Partner · 11 December 2025Texas-based joint venture formed through definitive agreement between Water On Demand and Enviromaintenance to develop mobile water treatment network. 50/50 equity ownership, deploying up to 60 mobile wastewater treatment units nationally. Investor-grade governance with board oversight and transparent reporting. Performance-based compensation and stock-grant incentives tied to trucks placed in service.
• OZXchangecoreChannel Partner/ Reseller/ Distributor · 16 October 2025Nation's premier marketplace for Opportunity Zone investing listing Water On Demand Infrastructure Fund #1 ($200M target). Provides nationwide visibility and credibility, opening door for investors seeking tax-advantaged water infrastructure investments. Investors can review fund materials, compliance documentation, and project details directly through platform.
• EnviromaintenancecoreStrategic or Co-development Partner · 14 October 2025Texas-based joint venture partner for mobile wastewater treatment plant deployment and operations. Partnership forms ZIGCO LLC with 50/50 equity ownership between Water On Demand and Enviromaintenance. Enviromaintenance provides daily operations, regulatory compliance, customer engagement, and proprietary wastewater treatment technology. Water On Demand provides capital and strategic oversight. Initial operations launch from Austin, Texas with expansion plans across Texas metros and into California, Florida, Oklahoma.
• American Stories Entertainment (ASE)minorGTM or Marketing Partner · 1 May 2025FAST market TV production company producing reality show 'The Raise' following companies raising capital from accredited investors. Water On Demand slated to appear prominently with principal photography in May 2025. ASE reaches over 50% of US households through FAST streaming platforms.
• Eazy OZ (EZ Do It, Inc.)coreGTM or Marketing Partner · 23 April 2025Leading platform for US Opportunity Zones retained to help develop the Water On Demand Infrastructure Fund. David Sillaman Jr., CEO of Eazy OZ, serves as leading resource provider for OZ ecosystem and has recognized Water On Demand executives for Opportunity Zone innovation. Platform operator describes Water On Demand's offering as major innovation providing accredited investors access to 100% bonus depreciation benefits.

Scale indicators17 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Essential Utilities: Large regulated water and natural gas utility serving municipal and industrial customers across the US. Comparable in delivering water service revenue under long-duration contracts, but at utility scale and with regulated rate-of-return economics rather than decentralized infrastructure.
• Pentair: Manufacturer of water treatment and filtration equipment serving residential, commercial, and industrial customers. Comparable in equipment-led water treatment economics, though not mobile/decentralized.
• American Water Works: Largest publicly traded US water and wastewater utility, serving millions of customers across 14 states. Comparable as a buyer and operator of decentralized water assets and a flagship example of water-as-an-investable utility sector.
• Veolia Water Technologies: Global leader in water and wastewater treatment services and technology. Comparable as an incumbent operating across drinking water, wastewater, and reuse, but at vastly larger scale and with a portfolio approach rather than a mobile treat-in-place focus.
• Mueller Water Products: Supplier of water infrastructure products including smart metering, valves, and pressure management for municipal water utilities. Comparable in supplying distributed water network hardware, with overlap on metering/billing underpinning Water-as-a-Service economics.
• Ecolab: Global water, hygiene, and energy services provider with a large industrial water treatment and reuse business. Comparable in industrial water-as-a-service delivery and recurring revenue model, though serving a much broader end-market portfolio.
• Xylem Inc. Major water technology company serving utility, industrial, and commercial customers with treatment, pumping, and metering solutions. Comparable infrastructure customer base and overlap with Power & Water / Treatment segments.
• Evoqua Water Technologies: Provider of water and wastewater treatment products and services across industrial, municipal, and commercial end markets. Comparable in serving decentralized and industrial treatment demand, now part of Xylem.

Emerging players

• Aquatech International: Specialist in water treatment and reuse technologies with focus on industrial and power generation customers. Comparable in industrial-grade treatment solutions and overlap with Progressive Water Treatment's power plant customer base.

Direct peers

• OriginClear: Public parent company of Water On Demand, founded by the same chairman (Riggs Eckelberry) and focused on decentralized water treatment. OriginClear operates in mobile and modular treatment — directly comparable technology and customer base, making it the closest direct peer despite the structural parent/subsidiary relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/waterondemand
• YouTubeyoutube.com/@waterondemand
• Facebookfacebook.com/waterondemandofficial
• LinkedInlinkedin.com/company/waterondemand
• Instagraminstagram.com/waterondemandofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Water On Demand